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Suze Orman advises most parents to avoid funding Trump Accounts despite Elon Musk's SpaceX gift plan.

Market News
20 Oct 2026
24/7 Wall Street
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Bullish
Suze Orman advises most parents to avoid funding Trump Accounts despite Elon Musk's SpaceX gift plan.

Elon Musk announced plans to give every American child a share of SpaceX, possibly via Trump Accounts, which are tax-advantaged savings accounts for kids. Financial expert Suze Orman advises parents to only open these accounts to claim free federal and employer contributions but warns against adding personal funds unless their finances are very secure, including having no debt and solid retirement savings. Musk's gift adds complexity due to stock lockup rules and risks of holding single stock in these accounts. Orman suggests alternatives like Roth IRAs or 529 plans for college savings, emphasizing parents' financial stability first.

As of Oct 21, 2026 04:11 WIB, SpaceX (SPCX) trades at USD 147.79 on Pluang, down slightly by 0.11% in the last day. This price sits well below its 52-week high of USD 202.09 but above the 52-week low of USD 108.27, showing a moderate position within its annual range. Investors on Pluang hold SPCX for an average of 43 days, with buying activity at 59% compared to 41% selling, indicating a cautious but generally positive interest in the stock amid discussions about Trump Accounts and Elon Musk's plans.

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